What is the difference between a utility deposit and a service intiation fee?

A utility deposit is a refundable amount that a utility company may require from new customers to cover potential non-payment, serving as a security for the company. In contrast, a service initiation fee is a one-time charge for setting up or activating utility services at a new location, covering administrative costs and installation. While the deposit is meant to protect the utility provider, the initiation fee is for the service setup process itself.